"Accelerates Exploration of 8 Zone"
Trading Symbols
TSX - CRJ
NYSE Amex - CGR
SASKATOON, May 21 /CNW/ - Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR)
today announced that it will add a surface exploration rig at the Company's
Madsen property located at Red Lake, Ontario.
Phase 1 of the underground 8 Zone program at Madsen, launched from the
10th level in December 2008, is targeting the plunge and strike extensions of
the 8 Zone as well as conceptual targets associated with the 8 Zone shear
system. Underground drilling to date has confirmed high grade mineralization
300 feet down plunge of historic mine infrastructure as well as the potential
for the development of parallel footwall lenses. Highlights of current
underground drilling include 0.97 oz/ton over 8.17 feet and 0.75 oz/ton over
25.92 feet (see 8 Zone Media Releases dated February 17th and April 21st,
2009).
The 34,650 foot (10,500 m), surface exploration program will focus on
testing three target areas. The first priority will be accelerating the
exploration of the 8 Zone system via testing the up-plunge and western strike
continuity. "The 8 Zone drilling to date has consistently returned strong
visible gold and ore grade intercepts over widths of up to 25.9 feet. We are
extremely pleased with these results and believe they support acceleration of
the 8 Zone exploration program," stated Brian Skanderbeg, Vice President
Exploration, Claude Resources Inc.
Additional high grade targets that will be tested as part of the surface
program will include the Fork Zone and Starratt Olsen Footwall. These targets
are associated with the same mafic-ultramafic package that hosts the 8 Zone
and have returned very encouraging drill results to date (see media releases
dated April 8th through December, 2008). The mineralized shear systems at both
Starratt Olsen and the Fork Zone remain open along strike and at depth.
The 10,000 acre Madsen project is 100% owned by Claude Resources Inc. and
encompasses four past-producing mines. This advanced exploration property
contains extensive infrastructure including a 500 ton per day mill with
expansion capacity, a permitted tailings management facility and a five
compartment 4,000 foot operating shaft. Total recorded historic production for
the Madsen Mine is 2.4 million ounces at an average recovered grade of 0.283
oz/ton.
Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice President Exploration,
is the Qualified Person who has reviewed and approved this news release. Drill
core was halved and samples averaging 1.0 to 1.5 meters were submitted to
Accurassay Laboratories in Thunder Bay, Ontario, an ISO approved facility.
Rigorous quality assurance and quality control procedures have been
implemented including the use of blanks, standards and duplicates (1 in 20
samples).